A fundamental review of the Finance Statistics Return (FSR) has been completed, with the resulting changes to be implemented in a new Finance record for the 2015/16 collection.

It was a fundamental review of financial reporting, also taking into consideration the changes from the implementation of FRS (Financial Reporting Standards) 102; changes to the SORP (Statement of Recommended Paractice: accounting for further and higher education); the current review of TRAC (Transparent Approach to Costing); and related issues.

June 2013: Requests for changed or new information to be submitted to HESA